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It is tempting for those who identify as Bitcoiners (as I do) to get swept away by the very characteristics and possibilities that bitcoin represents. It is an entirely new kind of virtual money that has never previously seen before. The Bitcoin blockchain itself is digital. As a result, the distributed ledger of Bitcoin has given birth to a form of non-sovereign property ownership. The value unit of this property system is a planned issue timetable and an in-built shortage mechanism. This economic system constructs layers, which empowers a new species, the Sovereign Individual, to rise to power. Before we further dive into the article, please register yourself on the bitcoin-profit.com, and learn to take your trading game to the next level.
An Excitement That Not Everyone Participates In
My enthusiasm is genuine, and I hope you can sense it. Bitcoin, in my opinion, is one of the most disruptive, most creative, and most life-changing innovations that has occurred in our present period. In addition to being one of Switzerland's most renowned business schools, it also brings together individuals from a variety of diverse areas like banking, insurance, communications, management, and marketing.
The classes I give do not just include Bitcoin but also other topics. Nonetheless, I am making every effort to concentrate on Bitcoin and explain to my pupils why it is essential to understand Bitcoin thoroughly. Even though, as a teacher, I am attempting to explain the subject as objectively as possible, I make no secret that I am intrigued by Bitcoin, its clear-cut monetary characteristics, and the many opportunities that arise as a result of it.
The concepts of sound money, absolute digital scarcity, the benefits of genuine decentralization, and the eternal balance sheet growth of central banks are all concepts that are far over the heads of the majority of the population. Even though Bitcoin's monetary characteristics are unmatched, total digital scarcity is revolutionary, genuine decentralization is uncommon, and central bank balance sheet growth occurs quickly and in real-time, focusing on these critical issues has proven ineffective.
In summary, presenting and marketing Bitcoin as financial technology and a freedom-enhancing weapon against time theft did not resonate with most individuals I spoke with at that time. Instead, two out of ten individuals generally accepted a sovereign individual's toolkit, which consisted of logically plausible Bitcoin arguments.
Getting People to Care About Bitcoin
As a result of having had the opportunity to present to hundreds of Nocoiners fully, it occurred to me that I had been approaching my effort to educate people about Bitcoin's real disruptive and revolutionary potential in the incorrect manner all along. It is much more effective to directly appeal to people's specific pain areas, explain how to connect them to bitcoin, and create a new primary currency to offer relief.
As a result, I began recognizing various categories of people who needed to appeal to me in a variety of different ways intellectually. To the average Westerner who is over-banked and does not need fresh money, I offer Bitcoin as a worldwide financial network that is always accessible. What resonates with the banking or fintech audience demonstrates the potential of lightning-fast micropayments that take place cross-border and completes in seconds rather than minutes or hours.
What Lasts Is the Creation of An Emotional Reaction
In some ways, Bitcoin may think of a global piggy bank that holds monetary energy better than any other storage device available. Liquidity increases as more and more individuals continue to pay into it via monthly DCA payments made through services like Swan, Relay, and Bitaroo, resulting in a positive net result for all cryptocurrency holders. As a result, Bitcoin seems to be the millennial generation's retaliation against the gradual but steady demise of the conventional method of saving and investing.
Professional investors, on the other hand, are looking for reasonable interest rates. When presented with the scenario of Bitcoin serving as an insurance policy against depreciation of fiat currency, it is becoming more popular among professional money managers. Ray Dalio, the founder of Bridgewater Associates, is an example for them, declaring that he prefers bitcoin over low-yielding bonds.